Deals to be had at One Northside Piers
March 04, 2009 11:00AM
At One Northside Piers on the Williamburg waterfront, Toll Brothers City Living cut prices an average of 20 percent, to around $700 per square foot. NY1's Tara Lynn Wagner talks to David Von Spreckelson, senior vice president at Toll Brothers, about the cuts. Spreckelson said that buyers are still paying full price, however, at Two Northside Piers. [NY1]
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Comments
Anonymous
Really bad timing, why would they build a 2nd tower in this market? should stick to the burbs
Comment #1 Posted By: Anonymous 03/04/09
Anonymous
Toll Brothers - you kidding? Do they really think anybody in their right mind would be willing to pay $700/sq. ft. in this market, in Williamsburg or LIC? It's a losing bet.. past buyers have lost tons of money on your projects, and anybody who purchases at these prices will likely lose money too - wait 6 months and those apartments will be half that price, or rentals.
Comment #2 Posted By: Anonymous 03/04/09
Anonymous
The thought that there's people out there stupid enough to spend even $500 sf in Brooklyn is scary.
Comment #3 Posted By: Anonymous 03/04/09
Anonymous
Crazy to buy right now, wait till they are 300sf, maybe by this summer
Comment #4 Posted By: Anonymous 03/04/09
Anonymous
Just a puff piece put together by their publicist. Somehow we are supposed to believe Tower 2 signals a turn in the market. would love to rent there though
Comment #5 Posted By: Anonymous 03/05/09
Anonymous
In contract does not mean sold. The 25% sold does not mean 25% occupied.
Comment #6 Posted By: Anonymous 03/06/09
Anonymous
Tower 1 still looks empty to me. I walk my doggy there every night. I could imagine how log tower 2 will remain empty if they don't make it rentals. Probably 5 to 10 years.
Comment #7 Posted By: Anonymous 06/05/09